ODFL - How to Develop Trading Plans for Old Dominion Freight Lns and other Stocks
According to Stock Traders Daily, a 2-year industry veteran, investors can use the price action in Old Dominion Freight Lns (NASDAQ: ODFL) to foretell upcoming changes. A current example is provided below. There are trading plans for ODFL, but the data on this page does not update in real time. If you want a real time update, or a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Neutral | |||
| Strong | |||
| Strong | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 205.80 | |||
| P2 | |||
| 218.41 | |||
| 220.35 | |||
| 222.53 | |||
| P3 | |||
| 225.51 | |||
| 227.96 | |||
| 237.18 |
Long Term Trading Plans for ODFL
March 9, 2021, 11:30 pm ET
The Technical Summary and Trading Plans for ODFL help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this ODFL Report.
ODFL - (Long) Support Plan
The technical summary data tells us to buy ODFL near 222.53 with an upside target of 237.18. This data also tells us to set a stop loss @ 221.89 to protect against excessive loss in case the stock begins to move against the trade. 222.53 is the first level of support below 223.82 , and by rule, any test of support is a buy signal. In this case, support 222.53 is being tested, a buy signal would exist.
ODFL - (Short) Resistance Plan
The technical summary data is suggesting a short of ODFL as it gets near 237.18 with a downside target of 222.53. We should have a stop loss in place at 237.86though. 237.18 is the first level of resistance above 223.82, and by rule, any test of resistance is a short signal. In this case, if resistance 237.18 is being tested, a short signal would exist.